Ripple price is off to a strong bullish start in today’s trading. However, XRPUSD now faces a critical resistance level. Is there enough bullish momentum?
Ripple Price
In this section, you will find important Ripple price news, actionable trading ideas, and a live XRPUSD chart to help you understand the markets better.
What is Ripple?
Ripple or XRP is a digital currency created in 2012 as a standard of exchange on the Ripple payment protocol. XRP was mainly built for corporations to use as it aims to be a fast, secure and cost-efficient cryptocurrency for sending money around the world using blockchain.
Financial institutions and payment providers can use XRP to reduce their transaction costs and enter new markets. XRP exists within the Ripple Payment and Exchange Network and can be used for transactions between traditional currencies such as USD, EUR, GBP, and other cryptocurrencies through the RippleNet payment network. A major difference between Ripple and the other major cryptocurrencies is that the XRP is not mined. There is a fixed stock of 100 billion XRP controlled by Ripple Labs, the company that created XRP.
XRPUSD is a pair that shows how many US dollars it costs to buy one XRP. The XRP price at the time of writing was $0.399672 with a market capitalization at 17 billion dollars which made it the third-largest cryptocurrency after Bitcoin and Ethereum.
Live Ripple Price Chart
Ripple price retreat today giving up some of yesterday’s sharp gains that breached the down trend line that formed since the June 2 top. Ripple rally yesterday cancelled the recent bearish momentum as the XRPUSD boosted by the rally in Chinese equities
Trading on ripple price has been limited for the past few trading days. However, technicals suggest that XRPUSD may soon trade higher.
Ripple price trades slightly higher but the rebound looks fragile as the bears are in full control. Since June 18 when XRPUSD breached the 100-day moving average the number four cryptocurrency failed to make any significant bounce
With ripple price falling below $0.1800, it continues to be vulnerable to sellers especially with technicals suggesting more downside potential.
Ripple price continues the slide to lower levels today after yesterday’s gains. Ripple was under selling pressure on Saturday when...
For the past three days, ripple price has lost more than 4%. However, technical on the 1-hour time frame hint that XRPUSD could soon trade higher.
Ripple price finished yesterday’s trading in the red, losing over 2.80%, and the cryptocurrency's technicals hint at more downside potential.
Ripple price trades lower for the second consecutive session as the price continues below the 100-day moving average. As we...
Ripple price finished yesterday’s trading with a 2% gain. Today, the cryptocurrency is testing a key resistance level. Will XRPUSD retreat or rally?